Private Asset Management Inc. decreased its holdings in Superior Energy Services, Inc. (NYSE:SPN) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,604 shares of the oil and gas company’s stock after selling 15,900 shares during the period. Private Asset Management Inc. owned about 0.07% of Superior Energy Services worth $1,007,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Summit Financial Wealth Advisors LLC bought a new stake in shares of Superior Energy Services in the 3rd quarter worth $107,000. Suntrust Banks Inc. bought a new stake in shares of Superior Energy Services in the 2nd quarter worth $108,000. Nomura Holdings Inc. bought a new stake in shares of Superior Energy Services in the 2nd quarter worth $116,000. Crossmark Global Holdings Inc. bought a new stake in shares of Superior Energy Services in the 3rd quarter worth $126,000. Finally, PEAK6 Investments L.P. increased its holdings in shares of Superior Energy Services by 149.0% in the 3rd quarter. PEAK6 Investments L.P. now owns 12,704 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 38,640 shares in the last quarter.
In related news, Director Peter D. Kinnear purchased 20,000 shares of the business’s stock in a transaction on Monday, October 30th. The stock was acquired at an average price of $8.52 per share, with a total value of $170,400.00. Following the completion of the acquisition, the director now owns 64,607 shares of the company’s stock, valued at approximately $550,451.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.91% of the company’s stock.
Shares of Superior Energy Services, Inc. (NYSE:SPN) traded up $0.18 on Friday, hitting $11.05. The company had a trading volume of 3,782,664 shares, compared to its average volume of 3,350,066. The company has a quick ratio of 1.64, a current ratio of 1.99 and a debt-to-equity ratio of 1.15. Superior Energy Services, Inc. has a one year low of $7.66 and a one year high of $19.08. The company has a market capitalization of $1,690.00, a price-to-earnings ratio of -4.49 and a beta of 2.16.
Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.01). Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The firm had revenue of $506.00 million during the quarter, compared to the consensus estimate of $511.23 million. During the same period in the previous year, the firm earned ($0.73) EPS. The business’s revenue was up 55.1% on a year-over-year basis. research analysts anticipate that Superior Energy Services, Inc. will post -1.63 earnings per share for the current fiscal year.
SPN has been the subject of a number of research analyst reports. Cowen set a $14.00 target price on Superior Energy Services and gave the stock a “buy” rating in a report on Friday, October 6th. UBS Group raised Superior Energy Services from a “neutral” rating to a “positive” rating in a report on Friday. Loop Capital set a $13.00 target price on Superior Energy Services and gave the stock a “buy” rating in a report on Wednesday, October 25th. They noted that the move was a valuation call. Royal Bank of Canada set a $10.00 target price on Superior Energy Services and gave the stock a “hold” rating in a report on Thursday, December 21st. Finally, ValuEngine lowered Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company’s stock. Superior Energy Services has an average rating of “Hold” and a consensus price target of $12.65.
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Superior Energy Services Company Profile
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